Trend is friend. Patterns signals the trend.

A chart pattern or price pattern is a pattern within a chart when prices are graphed. In stock and commodity markets trading, chart pattern studies play a large role during technical analysis. When data is plotted there is usually a pattern which naturally occurs and repeats over a period. Chart patterns are used as either reversal or continuation signals. We studied double top patter which will signals bearish trend, double bottom signals upward trend when broke out, Head and shoulder form is rarely formed and gives a strong signal. Flag pattern if identified can take long position and make money within a short period. Triangle pattern which signal consolidation and will not be able to estimate which trend it will have.